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Keels & Wheels concours features classic cars, wooden boats and more

“Not just anyone can do this,” a clearly exhausted Bob Fuller, chairman and founder of the 17th-annual Keels & Wheels Concours d' Elegance, said shortly after presiding over the awarding of 69 trophies in the automotive division of the two-day classic-car and wooden-boat show held at Seabrook's Lakewood Yacht Club south of Houston, Texas. “You have to have the facilities to do this, and we have these beautiful grounds surrounding this big protected harbor,” said Fuller, a car and boat collector. Fuller collaborated with cochairman Bob Merryman, then-president of the Southwest Chapter of the Antique & Classic Boat Society, to found the event, which benefits the Boys & Girls Harbor nonprofit.

Mitsubishi Outlander (2012) first official pictures

Mitsubishi today showed off its new third-generation Outlander. It follows after a string of concept cars showing what direction Mitsu is pursuing for its 2012 Outlander. The company says it's 11 years since it coined the phrase 'crossover' - that's some claim - and it'll show off the new Outlander at the 2012 Geneva motor show.

Saab on brink of closing after GM rejects rescue plan

Saab Automobile filed for bankruptcy on Monday and is on the brink of shutting for good after former owner General Motors rejected a rescue plan. The move sets the scene for the end of Saab's struggle to survive after months of hastily drawn-up deals for a company that hasn't made a vehicle in months. The latest plan involved Chinese automaker Zhejiang Youngman Lotus Automobile, but this was vetoed by GM, still a key Saab supplier, over the weekend "After having received the recent position of GM on the contemplated transaction with Saab Automobile, Youngman informed Saab Automobile that the funding to continue and complete the reorganization of Saab Automobile could not be concluded," Saab's Dutch owner, Swedish Automobile, said in a statement.